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RODTEP calculations – race against time for manufacturer-exporters

India lost the battle before the WTO panel (panel) when number of export incentive schemes that were (are) in vogue were called off as illegal per the SCM agreement. The mischief of MEIS, as pointed out by the panel, was that instead of providing countervailing rates for setting of the input taxes, the rates were […]...

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Posted Under: DGFT |

Merchandise Exports from India Scheme (MEIS)- Filing Process

Merchandise Exports from India Scheme (MEIS) is introduced in the Foreign Trade Policy of India 2015-20, as a part of the Exports from India Scheme. The Government of India has brought in the Merchandise Exports Incentive Scheme (MEIS), replacing five other similar incentive schemes present in the earlier Foreign Trade Policy 2009-14. The...

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Posted Under: DGFT |

Free Trade Agreements – Additional Obligations on Importers

Background 1. India has entered into several bilateral and multilateral treaties (referred to as Free Trade Agreements (FTA)) to promote cross-border trade. Examples include treaties with Singapore, Chile, Malaysia, Korea, Japan, SAARC members, etc. Article XX, containing general exceptions, under the General Agreement on Tariffs and Trad...

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Posted Under: DGFT |

SC upholds power of CG to impose quota restrictions on imports without adjudication procedure

Supreme Court upholds power of CG to impose quota restrictions on imports without adjudication procedure The Apex Court in a recent decision involving importers of green and yellow peas, beans has upheld the power of the Central Government to impose quantitative restrictions on the import of goods without following the adjudication proced...

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Posted Under: DGFT |

Shift from MEIS to RoDTEP, Are we Ready Yet ?

The Union Cabinet in March approved the Remission of Duties or Taxes on Export Products (RoDTEP), a scheme for exporters to reimburse taxes and duties paid by them such as value added tax, coal cess, mandi tax, electricity duties and fuel used for transportation, which are not getting exempted or refunded under any other existing [&hellip...

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Posted Under: DGFT |

CBIC: Compassion & not Exploitation is key to success

Let us pay attention to the very basics. The Parliament mandates promotion of exports through DGFT as policymaker & Customs administration is put in place to conduct International trade in accordance with the law. Particularly, in case of exports (which is necessary evil for a developing country to subsidize & conduct exports), th...

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Posted Under: DGFT |

MEIS Benefits Capped !!!

DGFT has released a Notification No. 30/2015-20 dated September 01, 2020, wherein they have clarified on the 'Ceiling / Cap on MEIS Benefits which are available to Exporters on exports made from September 01, 2020 to December 31, 2020'....

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Posted Under: DGFT |

New ‘Rules of Origin’ to Check Misuse of FTA Provisions

It has been observed that imports under Free Trade Agreements (FTA) are on the rise. Undue claims of FTA benefits have posed a threat to domestic industry.  It is sometimes flouted by importers to wrongly claim that a particular import is originating from an FTA partner country so as to pocket the benefits. Such imports […]...

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Posted Under: DGFT |

Tough days ahead for importers claiming preferential benefit under FTAs – CAROTAR, 2020

‘Rules of Origin’ are principles, basis which the source country of a product is established, based on which tariff concessions or applicable duties are determined.The motive is to curb the imports by an abuse of Free Trade Agreement (FTA) route, taking advantage of lower tariffs by presentation of documents purporting that goods came...

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Posted Under: DGFT |

Comprehensive comparison of Authorised Economic Operator (AEO) with Star Export House benefit schemes

Prima-facie, Star Export House status and AEO may appear similar in providing preferential treatment to exporters/importers however, there are many differentiating factors. A comprehensive analysis highlighting the key features of both schemes are captured in the below table-...

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Posted Under: DGFT |